29 July 2017
Download the paper now.

Rakuten launches Transfer by Facebook

07 August 2014  |  7191 views  |  0 Facebook

Japanese e-commerce giant Rakuten has launched a money transfer service for friends using Facebook.

Using Transfer by Facebook, the user can transfer money after logging into their Rakuten Bank account from the Rakuten Bank app, selecting the person they wish to send money to from their list of Facebook friends in the app, and inputting the amount they wish to transfer.

The fee-free transfer process can be completed on the app without any of the recipient's account information and include a 50 character message to accompany the transaction.

Money can also be transferred to non-Rakuten Bank account holders, for a fee of Y165. By accessing a URL on Facebook with the transfer notice, the recipient is able to specify a bank account for the money and complete the deposit.
KeywordsSOCIAL MEDIA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Singapore's OCBC lets customers send money to Facebook friends

Singapore's OCBC lets customers send money to Facebook friends

12 May 2014  |  9528 views  |  1 comments | 13 tweets | 21 linkedin
CaixaBank launches Facebook app

CaixaBank launches Facebook app

06 May 2014  |  11006 views  |  4 comments | 18 tweets | 12 linkedin
Facebook seeks European e-money license for remittance play

Facebook seeks European e-money license for remittance play

14 April 2014  |  10548 views  |  1 comments | 22 tweets | 25 linkedin
RBC brings P2P transfers to Facebook Messenger

RBC brings P2P transfers to Facebook Messenger

11 December 2013  |  8499 views  |  1 comments | 14 tweets | 14 linkedin
ICICI Bank lets customers send money via Facebook app

ICICI Bank lets customers send money via Facebook app

24 September 2013  |  10508 views  |  0 comments | 16 tweets | 8 linkedin
ASB adds Facebook payments to mobile app

ASB adds Facebook payments to mobile app

20 June 2012  |  7760 views  |  0 comments
AmEx launches Serve app for P2P payments on Facebook

AmEx launches Serve app for P2P payments on Facebook

01 March 2012  |  14224 views  |  1 comments

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.finastra.comdownload the paper now

Top topics

Most viewed Most shared
US firm to implant employees with RFID chipsUS firm to implant employees with RFID chi...
10104 views 16 comments | 33 tweets | 38 linkedin
hands typing furiouslyHow automation can help transform the fina...
8681 views 0 | 6 tweets | 2 linkedin
Santander looks to smooth fintech integration with BiBoxSantander looks to smooth fintech integrat...
8014 views comments | 16 tweets | 15 linkedin
UniCredit confirms data breachUniCredit confirms data breach
7457 views comments | 11 tweets | 17 linkedin
hands typing furiouslySWIFT Blockchain POC: enhanced cross-borde...
7237 views 1 | 4 tweets | 14 linkedin

Featured job


Brussels or Frankfurt

Find your next job